Price Volume Trend [sgbpulse]1. Introduction: What is Price Volume Trend (PVT)?
The Price Volume Trend (PVT) indicator is a powerful technical analysis tool designed to measure buying and selling pressure in the market based on price changes relative to trading volume. Unlike other indicators that focus solely on volume or price, PVT combines both components to provide a more comprehensive picture of trend strength.
How is it Calculated?
The PVT is calculated by adding or subtracting a proportional part of the daily volume from a cumulative total.
When the closing price rises, a proportional part of the daily volume (based on the percentage price change) is added to the previous PVT value.
When the closing price falls, a proportional part of the daily volume is subtracted from the previous PVT value.
If there is no change in price, the PVT value remains unchanged.
The result of this calculation is a cumulative line that rises when buying pressure is strong and falls when selling pressure dominates.
2. Why PVT? Comparison to Similar Indicators
While other indicators measure volume-price pressure, PVT offers a unique advantage:
PVT vs. On-Balance Volume (OBV):
OBV simply adds or subtracts the entire day's volume based on the closing direction (up/down), regardless of the magnitude of the price change. This means a 0.1% price change is treated the same as a 10% change.
PVT, on the other hand, gives proportional weight to volume based on the percentage price change. A trading day with a large price increase and high volume will impact the PVT significantly more than a small price increase with the same volume. This makes PVT more sensitive to trend strength and changes within it.
PVT vs. Accumulation/Distribution Line (A/D Line):
The A/D Line focuses on the relationship between the closing price and the bar's trading range (Close Location Value) and multiplies it by volume. It indicates whether the pressure is buying or selling within a single bar.
PVT focuses on the change between closing prices of consecutive bars, multiplying this by volume. It better reflects the flow of money into or out of an asset over time.
By combining volume with percentage price change, PVT provides deeper insights into trend confirmation, identifying divergences between price and volume, and spotting signs of weakness or strength in the current trend.
3. Indicator Settings (Inputs)
The "Price Volume Trend " indicator offers great flexibility for customization to your specific needs through the following settings:
Moving Average Type: Allows you to select the type of moving average used for the central line on the PVT. Your choice here will affect the line's responsiveness to PVT movements.
- "None" : No moving average will be displayed on the PVT.
- "SMA" (Simple Moving Average): A simple average, smoother, ideal for identifying longer-term trends in PVT.
- "SMA + Bollinger Bands": This unique option not only displays a Simple Moving Average but also activates the Bollinger Bands around the PVT. This is the recommended option for analyzing volatility and ranges using Bollinger Bands.
- "EMA" (Exponential Moving Average): An exponential average, giving more weight to recent data, responding faster to changes in PVT.
- "SMMA (RMA)" (Smoothed Moving Average): A smoothed average, providing extra smoothing, less sensitive to noise.
- "WMA" (Weighted Moving Average): A weighted average, giving progressively more weight to recent data, responding very quickly to changes in PVT.
Moving Average Length: Defines the number of bars used to calculate the moving average (and, if applicable, the standard deviation for the Bollinger Bands). A lower value will make the line more responsive, while a higher value will smooth it out.
PVT BB StdDev (Bollinger Bands Standard Deviation): Determines the width of the Bollinger Bands. A higher value will result in wider bands, making it less likely for the PVT to cross them. The standard value is 2.0.
4. Visual Aid: Current PVT Level Line
This indicator includes a unique and highly useful visual feature: a dynamic horizontal line displayed on the PVT graph.
Purpose: This line marks the exact level of the PVT on the most recent trading bar. It extends across the entire chart, allowing for a quick and intuitive comparison of the current level to past levels.
Why is it Important?
- Identifying Divergences: Often, an asset's price may be lower or higher than past levels, but the PVT level might be different. This auxiliary line makes it easy to spot situations where PVT is at a higher level when the price is lower, or vice-versa, which can signal potential trend changes (e.g., higher PVT than in the past while price is low could indicate strong accumulation).
- Quick Direction Indication: The line's color changes dynamically: it will be green if the PVT value on the last bar has increased (or remained the same) relative to the previous bar (indicating positive buying pressure), and red if the PVT value has decreased relative to the previous bar (indicating selling pressure). This provides an immediate visual cue about the direction of the cumulative momentum.
5. Important Note: Trading Risk
This indicator is intended for educational and informational purposes only and does not constitute investment advice or a recommendation for trading in any form whatsoever.
Trading in financial markets involves significant risk of capital loss. It is important to remember that past performance is not indicative of future results. All trading decisions are your sole responsibility. Never trade with money you cannot afford to lose.
Trendconfirmation
Intraday Uncertainty [PhenLabs]📊 Intraday Uncertainty
Version: PineScript™ v6
📌 Description
The Intraday Uncertainty indicator offers traders a visual representation of market certainty/uncertainty during trading sessions. By comparing each price bar’s range to the Average True Range (ATR), it provides an intuitive way to gauge market conviction through a color gradient system.
This tool helps traders identify periods of high certainty (potentially trending markets) versus high uncertainty (potentially choppy or volatile markets) without complex calculations or multiple indicators. The color-coded bars create an immediate visual cue to support decision-making in varying market conditions.
🚀 Points of Innovation
Automated range-to-ATR ratio calculation that adapts to changing market volatility
Dynamic color gradient system that visually distinguishes between certain and uncertain price action
Customizable gradient clamping to fine-tune sensitivity to market conditions
Integrated dashboard that provides clear interpretation guidance
Position-flexible legend that accommodates different chart layouts
Highly optimized for performance with minimal calculation overhead
🔧 Core Components
ATR Calculation: Measures market volatility using a configurable lookback period
Range-to-ATR Ratio: Compares current bar’s high-low range against average volatility
Gradient Mapping System: Converts numerical uncertainty values into an intuitive color scale
Dashboard Legend: Provides clear interpretation guidance with customizable positioning
🔥 Key Features
Bar Coloring: Instantly identifies market certainty levels through intuitive color gradients
Customizable ATR Period: Adjust sensitivity to historical volatility based on trading style
Gradient Clamping: Fine-tune the color sensitivity using the Range/ATR multiplier
Color Customization: Personalize the color scheme to match your chart aesthetics
Informative Dashboard: Quickly interpret color meanings with the optional on-chart legend
Flexible Display Options: Customize dashboard position and text size for your chart layout
🎨 Visualization
Color Gradient: Bars colored on a spectrum from green (high certainty) to red (high uncertainty)
Dashboard Legend: Optional on-chart guide explaining the color interpretation
Color Intensity: Stronger colors indicate more extreme certainty/uncertainty levels
At-a-glance Interpretation: Quickly identify market conviction without analyzing numbers
📖 Usage Guidelines
Calculation Settings
ATR Period
Default: 14
Range: 1+
Description: Controls the lookback period for ATR calculation. Lower values increase sensitivity to recent volatility, while higher values provide more stability.
Gradient Clamp (Range/ATR Multiplier)
Default: 2.0
Range: 0.1+
Description: Sets the maximum Range/ATR ratio for gradient scaling. Ranges above this value display the end color (high uncertainty).
Color Settings
Gradient Start Color (High Certainty)
Default: Green
Description: Color representing high market certainty (low Range/ATR ratio)
Gradient End Color (Low Certainty)
Default: Red
Description: Color representing low market certainty (high Range/ATR ratio)
Dashboard Settings
Show Dashboard Legend
Default: True
Description: Toggles the visibility of the on-chart interpretation guide
Dashboard Position
Options: top_right, top_left, bottom_right, bottom_left, middle_right, middle_left
Default: bottom_right
Description: Controls the placement of the dashboard on your chart
Dashboard Text Size
Options: tiny, small, normal, large, huge
Default: normal
Description: Adjusts the text size of the dashboard for readability
✅ Best Use Cases
Identifying potential trend shifts when certainty levels change dramatically
Confirming trend strength through consistent certainty levels
Detecting choppy/sideways markets with persistent high uncertainty
Filtering trading signals from other indicators based on certainty levels
Gauging market conviction behind price breakouts or pullbacks
Optimizing entry/exit timing based on certainty/uncertainty transitions
⚠️ Limitations
Does not predict future price direction, only measures current bar certainty
May provide false signals during news events or unexpected volatility spikes
Requires context within the broader market environment for optimal interpretation
Color interpretation is relative rather than absolute across different securities
ATR-based calculation means sensitivity varies across different timeframes
💡 What Makes This Unique
Simplicity: Single visual indicator that doesn’t require multiple technical tools
Adaptability: Automatically adjusts to changing market volatility conditions
Contextual Analysis: Provides market conviction context beyond just price movement
Intuitive Design: Color-based system that requires minimal learning curve
Efficiency: Lightweight calculation that doesn’t impact chart performance
🔬 How It Works
1. ATR Calculation:
Calculates the Average True Range using the specified period
Establishes a baseline for normal market volatility
2. Range Analysis:
Measures each bar’s high-low range
Compares this range to the current ATR value to create a ratio
3. Gradient Mapping:
Converts the Range/ATR ratio to a normalized value between 0 and 1
Maps this value onto a color gradient between the start and end colors
Applies the resulting color to the price bar
4. Dashboard Creation:
Constructs an information panel on the last visible bar
Populates it with color samples and interpretation guidance
💡 Note:
This indicator works best when used in conjunction with other technical analysis tools rather than in isolation. The certainty/uncertainty measure provides context for your trading decisions but should not be the sole basis for entries and exits. Consider using higher certainty periods for trend-following strategies and exercise caution during periods of high uncertainty.
Wave Surge [UAlgo]The "Wave Surge " is a comprehensive indicator designed to provide advanced wave pattern analysis for market trends and price movements. Built with customizable parameters, it caters to both beginner and advanced traders looking to improve their decision-making process.
This indicator utilizes wave-based calculations, adaptive thresholds, and volume analysis to detect and visualize key market signals. By integrating multiple analysis techniques.
It calculates waves for high, low, and close prices using a configurable moving average (EMA) technique and pairs it with volume and baseline analysis to confirm patterns. The result is a robust framework for identifying potential entry and exit points in the market.
🔶 Key Features
Wave-Based Analysis: This indicator computes waves using exponential moving averages (EMA) of high, low, and close prices, with an adjustable wave period to suit different market conditions.
Customizable Baseline: Traders can select from multiple baseline types, including VWMA (Volume-Weighted Moving Average), EMA, SMA (Simple Moving Average), and HMA (Hull Moving Average), for trend confirmation.
Adaptive Thresholds: The adaptive threshold feature dynamically adjusts sensitivity based on a chosen period, ensuring the indicator remains responsive to varying market volatility.
Volume Analysis: The integrated volume analysis calculates volume ratios and allows traders to enable or disable this feature to refine signal accuracy.
Pattern Recognition: The indicator identifies specific wave patterns (Wave 1, Wave 3, Wave 4, Wave 5, Wave 6) and visually plots them on the chart for easy interpretation.
Visual and Color-Coded Signals: Clear visual signals (upward and downward arrows) are plotted on the chart to highlight potential bullish or bearish patterns. The baseline is color-coded for an intuitive understanding of market trends.
Configuration: Parameters for wave period, baseline length, volume factors, and sensitivity can be tailored to align with the trader’s strategy and market environment.
🔶 Interpreting the Indicator
Wave Patterns
The indicator detects and plots six unique wave patterns based on price changes that exceed an adaptive threshold. These patterns are validated by the direction of the baseline:
Wave 1 (Bullish): Triggered when the price increases above the threshold while the baseline is falling.
Wave 3, 4, and 6 (Bearish): Indicate potential downtrends validated by a rising baseline.
Wave 5 (Bullish): Suggests upward momentum when prices exceed the threshold with a falling baseline.
Baseline Trend
The baseline serves as a trend confirmation tool, dynamically changing color to reflect market direction:
Aqua (Rising): Indicates an upward trend.
Red (Falling): Indicates a downward trend.
Volume Confirmation
When enabled, the volume analysis feature ensures that signals are supported by significant volume movements. Patterns with high volume are considered more reliable.
Signal Visualization
Upward Arrows (🡹): Highlight potential bullish opportunities.
Downward Arrows (🡻): Highlight potential bearish opportunities.
Alerts
Alerts are triggered when key wave patterns are identified, providing traders with timely notifications to take action without being tied to the screen.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
MPF EMA Cross Strategy (8~13~21) by Market Pip FactoryThis script is for a complete strategy to win maximum profit on trades whilst keeping losses at a minimum, using sound risk management at no greater than 1.5%
The 3x EMA Strategy uses the following parameters for trade activation and closure.
1/ Daily Time Frame for trend confirmation
2/ 4 Hourly Time Frame for trend confirmation
3/ 1 Hourly Time Frame for trend confirmation AND trade execution
4/ 3x EMAs (Exponential Moving Averages)
* EMA#1 = 8 EMA (Red Color)
* EMA#2 = 13 EMA (Blue Color)
* EMA#3 = 21 EMA (Orange Color)
5/ Fanning of all 3x EMAs and CrossOver/CrossUnder for Trend Confirmation
6/ Price Action touching an 8 EMA for trade activation
7/ Price Action touching a 21 EMA for trade cancellation BEFORE activation
* For LONG trades: 8 EMA would be ABOVE 21 EMA
* For SHORT trades: 8 EMA would be BELOW 21 EMA
* For trade Cancellation, price action would touch the 21 EMA before trade is activated
* For trade Entry, price action would touch 8 EMA
Once trigger parameter is identified, entry is found by:
a) Price action touches 8 EMA (Candle must Close for confirmed Trade preparation)
b) Trade preparation can be cancelled before trade is activated if price action touches 21 EMA
c) Trailing Stop Loss can be used (optional) by counting back 5 candles from current candle
CLOSURE of a Trade is identified by:
e) 8 EMA crossing the 21 EMA, then close trade, no matter LONG or SHORT
f) Trail Stop Loss
IMPORTANT:
g) No more than ONE activated trade per EMA crossover
h) No more than ONE active trade per pair
NOTE: This strategy is to be used in conjunction with Cipher Twister (my other indicator) to reduce trades on
sideways price action and market trends for super high win ratio.
NOTE: Enabling of LONGs and SHORTs Via Cipher Twister is done by using the previous
green or red dot made. Additionally, when the trend changes, so do the dot's validity based
on being above or below the 0 centerline.
----------------------------
Strategy and Bot Logic
----------------------------
.....::: FOR SHORT TRADES ONLY :::.....
The Robot must use the following logic to enable and activate the SHORT trades:
Parameters:
$(crossunder)=8EMA,21EMA=Bearish $(crossover)=8EMA,21EMA=Bullish $entry=SELL STOP ORDER (Short)
$EMA#1 = 8 EMA (Red Color) $EMA#2 = 13 EMA (Blue Color) $EMA#3 = 21 EMA (Orange Color)
Strategy Logic:
1/ Check Daily Time Frame for trend confirmation if:
(look back up to 50 candles - find last cross of EMAs)
$(chart)=daily and trend=$(crossunder) then goto 2/ *Means: crossunder = ema21 > ema8
$(chart)=daily and trend=$(crossover) then stop (No trades) *Means: crossover = ema8 > ema21
NOTE: This function is switchable. 0=off and 1=on(active). Default = 1 (on)
2/ Check 4 Hourly Time Frame for trend confirmation if:
(look back up to 50 candles - find last cross of EMAs)
$(chart)=4H and trend=$(crossunder) then goto 3/ *Means: crossunder = ema21 > ema8
$(chart)=4H and trend=$(crossover) then stop (No trades) *Means: crossover = ema8 > ema21
NOTE: This function is switchable. 0=off and 1=on(active). Default = 1 (on)
3/ 1 Hourly Time Frame for trend confirmation AND trade execution if:
(look back up to 50 candles - find last cross of EMAs)
$(chart)=1H and trend=$(crossunder) then goto 4/ *Means: crossunder = ema21 > ema8
$(chart)=1H and trend=$(crossover) then stop (No trades) *Means: crossover = ema8 > ema21
4/ Trade preparation:
* if Next (subsequent) candle touches 8EMA, then set STOP LOSS and ENTRY
* $stoploss=3 pips ABOVE current candle HIGH
* $entry=3 pips BELOW current candle LOW
5/ Trade waiting (ONLY BEFORE entry is hit and trade activated):
* if price action touches 21 EMA then cancel trade and goto 1/
Note: Once trade is active this function does not apply !
6/ Trade Activation:
* if price activates/hits ENTRY price, then bot activates trade SHORTs market
7/ Optional Trailing stop:
* if active, then trailing stop 3 pips ABOVE previous HIGH of previous 5th candle
or * Move Stop Loss to Break Even after $X number of pips
NOTE: This means count back and apply accordingly to the 5th previous candle from current candle.
NOTE: This function is switchable. 0=off and 1=on(active). Default = 0 (off)
8/ Trade Close ~ Take Profit:
* Only TP when
$(chart)=1H and trend=$(crossover) then close trade ~ Or obviously if Stop Loss is hit if 7/ is activated.
----------END FOR SHORT TRADES LOGIC----------
.....::: FOR LONG TRADES ONLY :::.....
The Robot must use the following logic to enable and activate the LONG trades:
Parameters:
$(crossunder)=8EMA,21EMA=Bearish $(crossover)=8EMA,21EMA=Bullish $entry=BUY STOP ORDER (Long)
$EMA#1 = 8 EMA (Red Color) $EMA#2 = 13 EMA (Blue Color) $EMA#3 = 21 EMA (Orange Color)
Strategy Logic:
1/ Check Daily Time Frame for trend confirmation if:
(look back up to 50 candles - find last cross of EMAs)
$(chart)=daily and trend=$(crossover) then goto 2/ *Means: crossover = ema8 > ema21
$(chart)=daily and trend=$(crossunder) then stop (No trades) *Means: crossunder = ema21 > ema8
NOTE: This function is switchable. 0=off and 1=on(active). Default = 1 (on)
2/ Check 4 Hourly Time Frame for trend confirmation if:
(look back up to 50 candles - find last cross of EMAs)
$(chart)=4H and trend=$(crossover) then goto 3/ *Means: crossover = ema8 > ema21
$(chart)=4H and trend=$(crossunder) then stop (No trades) *Means: crossunder = ema21 > ema8
NOTE: This function is switchable. 0=off and 1=on(active). Default = 1 (on)
3/ 1 Hourly Time Frame for trend confirmation AND trade execution if:
(look back up to 50 candles - find last cross of EMAs)
$(chart)=1H and trend=$(crossover) then goto 4/ *Means: crossover = ema8 > ema21
$(chart)=1H and trend=$(crossunder) then stop (No trades) *Means: crossunder = ema21 > ema8
4/ Trade preparation:
* if Next (subsequent) candle touches 8EMA, then set STOP LOSS and ENTRY
* $stoploss=3 pips BELOW current candle LOW
* $entry=3 pips ABOVE current candle HIGH
5/ Trade waiting (ONLY BEFORE entry is hit and trade activated):
* if price action touches 21 EMA then cancel trade and goto 1/
Note: Once trade is active this function does not apply !
6/ Trade Activation:
* if price activates/hits ENTRY price, then bot activates trade LONGs market
7/ Optional Trailing stop:
* if active, then trailing stop 3 pips BELOW previous LOW of previous 5th candle
or * Move Stop Loss to Break Even after $X number of pips
NOTE: This means count back and apply accordingly to the 5th previous candle from current candle.
NOTE: This function is switchable. 0=off and 1=on(active). Default = 0 (off)
8/ Trade Close ~ Take Profit:
* Only TP when
$(chart)=1H and trend=$(crossunder) then close trade ~ Or obviously if Stop Loss is hit if 7/ is activated.
----------END FOR LONG TRADES LOGIC----------
IMPORTANT:
* If an existing trade is already open for that same pair, & price action touches 8EMA, do NOT open a new trade..
* bot must continuously check if a trade is currently open on the pair that triggers
* New trades are to be only opened if there is no active trade opened on current pair.
* Only 1 trade per pair rule !
* 5 simultaneous open trades (not same pairs) default = 5 but value can be changed accordingly.
* Maximum risk management must not exceed 1.5% on lot size
*** Some features are not yet available autoated, they will be added in due course in subsequent version updates ***
LH-LL/HL-HH Confirmation Trend LineBased on Dow Theory, a series of successive higher highs (HH) and higher lows (HL) is the sign of an uptrend (bull trend) and a series of successive lower highs (LH) and lower lows (LL) is the sign of a downtrend (bear trend).
So this script indicates the trends using the concept and draws corresponding trend lines.
It took some effort to make it possible for users to see as many trend lines as they wish. Eventually the user could set the number alongside some other options in the indicator settings.
Use the script and send me your thoughts!
RVI trend confirmationUses the RVI (Relative Volatility Index) to confirm trend. It focus on the direction of the RVI and not if it is above or below a certain level.
HOW to read the indicator:
Blue or value 1 = bull trend confirmation
Red or value -1 = bear trend confirmation
Gray or value 0 = choppy market
Combine this with another indicator in order to confirm whether a trend is starting.
Inverse Fisher Transform of SMI and sto. RSI, MTF confirmedThe system uses 1 hour and 15 min timeframe data. Signals coming from 15 min Inverse Fisher Transform of SMI and stochastic RSI are confirmed by 1 hour Inverse Fisher Transform SMI, according to the following rules:
long cond.: 15 min IFTSMI crosses ABOVE -0.5 or SRSI k-line crosses ABOVE 50 while 1-hour IFTSMI is already ABOVE -0.5
short cond.:15 min IFTSMI crosses BELOW 0.5 or SRSI k-line crosses BELOW 50 while 1-hour IFTSMI is already BELOW 0.5
SMI and Inverse Fisher Transform of SMI codes belong to @kivancozbilgic.
